Australian Resources and Energy Minister Martin Ferguson (L) is escorted by East Timor Petroleum and Natural Resources Minister Alfredio Pires (R) for a meeting in Dili on February 21, 2013. Pires said on February 21 East Timor may decide to develop gas from the Timor Sea alone, potentially ending involvement by Australia's Woodside Petroleum.
There are a number of potential options for gas to be supplied to a future LNG export site at Grassy Point
The negotiations between the partners in Leviathan and Woodside Petroleum Ltd. (ASX: WPL) are ongoing. The parties remain committed to the execution of the farmout agreement supporting the development of the Leviathan resources.
Woodside's production target for 2013 remains unchanged at a range of 88 to 94 MMboe (million barrels of oil equivalent), comprising 47 per cent from NWS Gas facilities, 41 per cent from Pluto LNG and 12 per cent from other assetsMore quotes »
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Australia Resource Investment Peak Overplayed -Wood Mackenzie
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Could price fixing claims hit Woodside Petroleum?
Oil titans Royal Dutch Shell (NYSE: RDS.A) and BP (NYSE: BP) are among the world’s biggest oil producers being investigated by European authorities on suspicion of fixing the price of international oil products. The investigation suggests price collusion from Ninemsn Read more »
Santos grilled over coal seam gas
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Woodside strikes a deal for floating LNG
AAP Woodside Petroleum has signed an agreement with Shell to use floating LNG technology if it continues with its gas project in Western Australia's Kimberley region. It follows a recent announcement that the consortium had shelved plans to process the g from Sydney Morning Herald Read more »